Initial Public Offering (IPO)
04 Jan 2021
Alibaba founder suspected to be missing after criticizing Chinese government
Chinese billionaire Jack Ma has not been seen in public for more than two months now, a development that has sparked questions about his whereabouts.
19 Dec 2020
Ahead of its IPO next year, Zomato raises $660 million
Zomato has raised $660 million as part of its primary financing round, giving the Gurugram-based food tech unicorn a valuation of $3.9 billion, the company's founder and CEO, Deepinder Goyal, said on Twitter.
29 Sep 2020
NewsBytes Briefing: Microsoft 365 suffered an outage, and more
Last night, Microsoft 365 suffered a major outage due to an internal change and left essential web services down for hours, including Microsoft Office 365, Teams, and Outlook.
20 Sep 2020
End of TikTok's woes? Trump approves Oracle's bid for TikTok
TikTok finally appears to be finalizing a way to prevent itself from getting banned in the United States.
17 Sep 2020
NewsBytes Briefing: Apple releases iOS 14, iPadOS 14, and more
Last night, Apple started rolling out its latest operating system for mobile and tablets, the iOS 14 and iPadOS 14.
10 Sep 2020
Warren Buffett's Berkshire Hathaway investing $570mn in Snowflake
In a major, albeit surprising, move, Berkshire Hathaway, the multinational conglomerate led by investing legend Warren Buffett, has confirmed the plan to infuse nearly $570 million into Snowflake, a cloud data-warehousing unicorn in the US.
10 Sep 2020
Zomato raises Rs. 760 crore from Tiger Global: Details here
In a major step forward, Zomato has raised Rs. 760 crore ($102 million) in funding from US-based investment firm Tiger Global Management.
06 Mar 2020
Explained: The rise and fall of Yes Bank
Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.
03 Feb 2020
WeWork appoints real estate veteran Sandeep Mathrani as CEO
WeWork, the American start-up that provides shared workspaces, has appointed real estate veteran Sandeep Mathrani as its new CEO.
01 Feb 2020
5 big takeaways of Nirmala Sitharaman's budget you should know
Finance Minister Nirmala Sitharaman presented her second Union Budget at a time when the Indian economy is struggling, raising concerns among world bodies like the International Monetary Fund (IMF).
01 Feb 2020
Budget 2020: Government to sell LIC holdings through IPO
Announcing the Union Budget 2020-21 on Saturday, Finance Minister Nirmala Sitharaman said that Life Insurance Corporation of India will now be listed on stock exchanges.
29 Nov 2019
Soon, Ola might lay off nearly 350 employees: Here's why
After barging into categories like financial services and car rentals, ride-hailing giant Ola is looking to focus more on growth and profitability.
12 Nov 2019
T-Mobile's John Legere could be WeWork's next CEO
From an imploded IPO to allegations of sexism, unprofessional culture and layoffs, WeWork has faced a lot of flak lately.
21 Sep 2019
WeWork CEO wants to live forever, be the "World's President"
Earlier this year, a New York Magazine profile on WeWork CEO Adam Neumann painted him as quite the party boy with company events boasting free-flowing beer kegs, weed or some such.
13 May 2019
Uber's employee, now a billionaire, was hired through a tweet
Ryan Graves is today the founder and CEO of investment firm Saltwater Capital, and a very rich man. According to Forbes, Graves' net worth is around $1.5 billion (Rs. 10,490 crore).
29 Nov 2018
Samsung might collaborate with Pokemon Go creator for 'exclusive games'
In a bid to differentiate itself from other phone makers, Samsung could add some 'exclusive games' into its upcoming Galaxy devices.
25 Nov 2018
#FinancialBytes: 5 investment classes with most risk (and high return)
When it comes to investment, people have so many options today that some may even find it a little confusing to choose one.
15 Sep 2018
Xiaomi creates new managerial positions to foster leadership
Amid increased scrutiny of governance and succession in mega Chinese tech firms, smartphone maker Xiaomi has announced that it is looking to create new managerial positions to build a second tier of leadership under CEO Lei Jun.
10 Sep 2018
Alibaba co-founder Jack Ma to step down in September 2019
Alibaba co-founder Jack Ma, one of the world's richest business executives, has announced that he will step down as the executive chairman of Alibaba in September 2019.
09 Sep 2018
Alibaba's Jack Ma isn't retiring, will announce his succession plans
Refuting an NYT report which claimed Jack Ma would be retiring from Executive Chairmanship of Alibaba group on Monday, South China Morning Post, a newspaper owned by the company, reported on Sunday that he would instead unveil his succession plans.
08 Aug 2018
Workplace messaging service Slack is raising $400mn in new round
On the back of acquiring its rivals just a couple of weeks back, workplace messaging service Slack is reportedly raising more funding, this time around $400mn.
09 May 2018
The Flipkart dream: Move aside, make room for nerds
When as a child you were told by your parents to chase the IIT dream, they were not wrong.
03 May 2018
Xiaomi files for the biggest Chinese tech IPO since 2014
Chinese consumer electronics company Xiaomi has filed for an initial public offering (IPO) in Hong Kong Exchanges and Clearing (HKEX).
19 Apr 2018
Looking at Mukesh Ambani's life journey on his 61st birthday
Mukesh Ambani is one name that demands respect and envy at the same time. As India's richest businessman, thousands want to live his extra-ordinary life, and an equal number aspire to become as successful as he is.
04 Apr 2018
Spotify goes public, valued at $26.6 billion
In a unique IPO approach, Spotify is going the direct listing route instead of traditionally selling its shares on the stock market.
26 Mar 2018
Uber exits South-East Asia, selling its operations to rival Grab
After exiting China and Russia, Uber Inc. is now selling its South-East Asia operations including ride-share and food delivery business to regional rival Grab.
16 Mar 2018
Spotify is coming to India soon, confirms CEO Daniel Ek
Speaking to investors during an annual event, Spotify co-founder and CEO Daniel Ek has said that the company is "working on launching" its service in some countries including India.
09 Mar 2018
Xiaomi to enter US smartphone market as early as 2018
After its remarkable success in India and the expansion into Western Europe, Xiaomi eyes the US market as it gears for an IPO to raise $10 billion or more in Hong Kong, later this year.
24 Feb 2018
Dropbox files for IPO, to raise $500 million
File syncing service Dropbox has filed for an initial public offering (IPO).
20 Feb 2018
OrCam: This lesser-known company got a $1 billion valuation
OrCam Technologies Ltd., an Israeli company developing technology for visually impaired people, has been valued at $1 billion after completing a funding round of $30.4 million.
25 Jan 2018
South Western Railways announces 21 unreserved vacancies: Details here
The South Western division of Indian Railways has announced 21 unreserved vacancies for candidates under sports quota.
01 Jan 2018
6 most profitable smartphone companies
Research firm Counterpoint, in its latest study, has ranked global smartphone manufacturers in terms of their profitability.
13 Nov 2017
Uber seals multi-billion dollar investment from Japan's SoftBank
Ride-hailing giant Uber has sealed a massive multi-billion dollar investment from Japanese technology conglomerate SoftBank.
02 Nov 2017
Forbes names Chanda Kochhar the most powerful woman in India
At number 32 on Forbes 2017 list of the world's 100 most powerful women, ICICI Bank CEO Chanda Kochhar has been named the most influential woman in India.
09 Oct 2017
Saudi Aramco eyes Indian demand, plans JV by 2018
State-run oil giant Saudi Aramco has reportedly launched its unit in India. The world's largest oil exporter wants to cater to the rising energy demands of the world's third-biggest oil consumer.
03 Oct 2017
SBI Life Insurance's stock market debut; gains 5% on issue-price
SBI Life Insurance made a strong market debut as it got listed on stock exchanges.
18 Sep 2017
Govt may get Rs. 15,000cr from NIA, GIC Re IPOs
The NDA government intends to rake around Rs. 11,000 crore by selling shares of four state-owned non-life insurers and the national reinsurer, according to its disinvestment plans for the current fiscal.
09 Sep 2017
SBI Life Insurance's Rs. 8,500 crore IPO receives SEBI nod
According to reports, Securities and Exchange Board of India (SEBI) has given approval for the initial public offering (IPO) of SBI Life Insurance Co. Ltd, which is a joint venture between State Bank of India and BNP Paribas Cardif.
06 Sep 2017
Nifty 50: How does it actually work?
Post periodic review by India Index Services and Products (IISL), the National Stock Exchange's (NSE) will move ACC, Bank of Baroda, Tata Power and Tata Motors DVR from its benchmark Nifty 50 index.
06 Sep 2017
'Angry Birds' maker Rovio plans IPO with $2 billion valuation
What is the worth of a Finnish company, which is known for making adorable yet disgruntled birds throwing themselves at pigs? Apparently, it's as high as $2 billion.